EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 166.47 JPY

My targets

165.64 JPY (-0.53)

164.90 JPY (-1.27)

My analysis

EUR/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 166.47 JPY. The next support located at 165.64 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 164.90 JPY. Below this support, sellers could then target 164.13 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY rating is 166.17 JPY. On the day, this instrument lost -0.44% and was between 165.96 JPY and 167.39 JPY. This implies that the price is at +0.13% from its lowest and at -0.73% from its highest.

165.96

167.39

166.17

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	164.13	164.90	165.64	166.17	166.47	167.07	168.66
Change (%)	-1.23%	-0.76%	-0.32%	-	+0.18%	+0.54%	+1.50%
Change	-2.04	-1.27	-0.53	-	+0.30	+0.90	+2.49
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.82	161.95	164.42	166.55	169.02	171.15	173.62
Camarilla	165.64	166.06	166.48	166.90	167.32	167.74	168.17
Woodie	160.00	162.04	164.60	166.64	169.20	171.24	173.80
Fibonacci	161.95	163.70	164.79	166.55	168.30	169.39	171.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.02	162.71	166.02	167.71	171.02	172.71	176.02
Camarilla	167.96	168.41	168.87	169.33	169.79	170.25	170.71
Woodie	161.83	163.12	166.83	168.12	171.83	173.12	176.83
Fibonacci	162.71	164.62	165.80	167.71	169.62	170.80	172.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.81	158.04	163.16	167.39	172.51	176.74	181.86
Camarilla	165.71	166.57	167.42	168.28	169.14	169.99	170.85
Woodie	154.26	158.26	163.61	167.61	172.96	176.96	182.31
Fibonacci	158.04	161.61	163.82	167.39	170.96	173.17	176.74

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.61
MACD (12,26,9):	-0.4400
Directional Movement:	-27.78
AROON (14):	-7.14
DEMA (21):	166.49
Parabolic SAR (0,02-0,02-0,2):	167.68
Elder Ray (13):	-0.71
Super Trend (3,10):	167.69
Zig ZAG (10):	166.21
VORTEX (21):	0.8200
Stochastique (14,3,5):	49.48
TEMA (21):	166.24
Williams %R (14):	-51.13
Chande Momentum Oscillator (20):	0.98
Repulse (5,40,3):	-0.1900
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.38

MA7:	167.31
MA20:	165.48
MA50:	163.96
MA100:	161.60
MAexp7:	166.54
MAexp20:	167.04
MAexp50:	167.51
MAexp100:	167.52
Price / MA7:	-0.68%
Price / MA20:	+0.42%
Price / MA50:	+1.35%
Price / MA100:	+2.83%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.52%
Price / MAexp50:	-0.80%
Price / MAexp100:	-0.81%

Quotes : - Real time data - Forex

News

The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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